Royalty Buyout Agreement Template for India

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Royalty Buyout Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Royalty Buyout Agreement

"I need a Royalty Buyout Agreement for a software licensing arrangement where my technology company wants to convert our quarterly royalty payments to a competing software developer into a one-time payment of $2 million, to be completed by March 2025."

What is a Royalty Buyout Agreement?

A Royalty Buyout Agreement is utilized when parties wish to terminate an existing royalty payment arrangement in favor of a one-time payment. This document is particularly relevant in situations where the licensee seeks to eliminate ongoing financial obligations or the licensor prefers immediate capital over long-term royalty income. The agreement, governed by Indian law, must comply with various regulations including the Indian Contract Act, relevant intellectual property laws, and state-specific stamp duty requirements. It typically includes detailed provisions about payment terms, tax implications, mutual releases, and future obligations. This type of agreement is commonly used in technology transfers, intellectual property licensing, manufacturing agreements, and creative industry contracts where simplifying payment structures or achieving financial certainty is desired.

What sections should be included in a Royalty Buyout Agreement?

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

2. Background: Context of the existing royalty arrangement and reason for the buyout

3. Definitions: Key terms used throughout the agreement, including 'Royalty Rights', 'Effective Date', 'Buyout Amount', etc.

4. Buyout Terms: Core terms of the buyout including the amount, payment method, and timing

5. Release of Future Royalty Obligations: Clear statement terminating all future royalty obligations

6. Representations and Warranties: Statements from both parties about their authority, rights, and ability to enter into the agreement

7. Tax Implications: Allocation of tax responsibilities and any tax-related obligations

8. Mutual Release: Release of claims related to the original royalty arrangement

9. Confidentiality: Obligations regarding confidentiality of the agreement terms and related information

10. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate clauses including notices, amendments, severability, etc.

What sections are optional to include in a Royalty Buyout Agreement?

1. Surviving Obligations: Used when certain obligations from the original agreement need to survive the buyout

2. Third Party Rights: Include when there are third parties affected by or benefiting from the agreement

3. Non-Competition: Include if parties want to restrict future competitive activities

4. Regulatory Compliance: Required for regulated industries or when specific regulatory requirements apply

5. Currency Exchange: Include for international agreements with currency conversion considerations

6. Intellectual Property Protection: Additional IP protection clauses if the rights being bought out involve complex IP arrangements

What schedules should be included in a Royalty Buyout Agreement?

1. Schedule 1 - Original Royalty Agreement: Copy or details of the original agreement being bought out

2. Schedule 2 - Rights and Assets: Detailed description of the rights, IP, or assets subject to the buyout

3. Schedule 3 - Payment Schedule: If payment is in installments, detailed payment terms and dates

4. Schedule 4 - Release Documentation: Forms of release or termination notices required

5. Schedule 5 - Tax Certificate: Required tax documentation or certificates

6. Appendix A - Calculation Method: If relevant, methodology used to calculate the buyout amount

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Technology

Entertainment

Media

Publishing

Manufacturing

Pharmaceuticals

Biotechnology

Software

Music Industry

Film Industry

Gaming

Industrial Design

Fashion

Research and Development

Telecommunications

Relevant Teams

Legal

Finance

Intellectual Property

Business Development

Tax

Commercial

Licensing

Corporate Development

Business Affairs

Treasury

Compliance

Relevant Roles

Chief Financial Officer

Legal Counsel

Intellectual Property Manager

Licensing Director

Business Development Manager

Contract Manager

Finance Director

Tax Manager

Royalty Administrator

Commercial Director

Chief Legal Officer

IP Rights Manager

Financial Controller

Business Affairs Manager

Corporate Development Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Royalty Bearing License Agreement

An Indian law-governed agreement establishing IP licensing terms and royalty payment obligations between licensor and licensee.

find out more

Royalty Buyout Agreement

An Indian law-governed agreement that converts ongoing royalty payments into a one-time lump sum payment, terminating future royalty obligations.

find out more

Revenue Royalty Agreement

An Indian law-governed agreement establishing revenue-sharing arrangements between parties, typically for commercialization of rights or assets in exchange for royalty payments.

find out more

Software Royalty Agreement

An Indian law-governed agreement establishing terms for software licensing and royalty payments, ensuring compliance with Indian IP and technology laws.

find out more

Royalty Split Agreement

An Indian law-governed agreement establishing terms for sharing royalty payments between parties, including revenue splits, payment terms, and compliance requirements.

find out more

Royalty Share Agreement

An Indian law-governed agreement establishing terms for sharing royalties from intellectual property exploitation, including payment terms and parties' obligations.

find out more

Royalty License Agreement

An Indian law-governed agreement establishing terms for licensing intellectual property rights in exchange for royalty payments, with compliance to local IP and contractual regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.